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Japan’s Nikkei share average dropped 0.25%, closing at 37,751.88, as technology stocks fell. The broader Topix, with fewer tech stocks, rose 0.45%. The Bank of Japan kept interest rates steady, and investors were cautious ahead of the U.S. Federal Reserve’s policy decision. Chip-related stocks declined, while trading houses rallied after Berkshire Hathaway increased holdings.
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As of 12:15 AM IST, Bitcoin rose 1% to $83,174, while Ethereum gained nearly 2%, reaching $1,935. The global crypto market cap increased by 0.79%, reaching $2.72 trillion in the past 24 hours.
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Steel industry shares reflect anticipated price hikes and valuation improvements due to the imposition of a 12% safeguard duty, which may lead prices to rise by Rs 1000 to Rs 2000 per tonne. Continuous monitoring is required due to geopolitical and macroeconomic uncertainties, especially from China.
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The defense sector has experienced a notable rebound in the last month, rising by 14%, and is expected to emerge as the top-performing sector by the end of the financial year.
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Shares of MobiKwik’s parent company, One Mobikwik Systems, surged by 19% on March 19 after a 20% rally the previous day, recovering from a 52-week low earlier in the week. Despite the rebound, the stock remains significantly below its all-time high and faces persistent selling pressure.
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